private equityverified
The Edgewater Funds
Chicago, IL · ~$<1B AUM
In one paragraph. The Edgewater Funds is a private equity based in Chicago, IL managing roughly $<1B in assets. In Tampa Bay its capital sits behind P1 Service Group, which together control 2 local brands.
Why it invests in the trades
Co-backer, with River Sea Network, of P1 Service Group, the residential HVAC, plumbing and electrical platform that acquired Cornerstone Pros of Land O' Lakes in November 2024 and lists Tampa's Frosty's Air Conditioning among its brands.
Platforms in Tampa Bay (1)
P1 Service Group
Chicago, IL · 2 local brands
Local brands ultimately backed by The Edgewater Funds (2)
Cornerstone Pros
Owned by P1 Service Group · backed by The Edgewater Funds
Frosty's Air Conditioning
Owned by P1 Service Group · backed by The Edgewater Funds
Deals
Frequently asked
What does The Edgewater Funds own in Tampa Bay?
Cornerstone Pros, Frosty's Air Conditioning, through P1 Service Group.
Is The Edgewater Funds a private-equity firm?
Yes.
How long will The Edgewater Funds hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Verified — primary document
- PR Newswire (2024-11-12) — press release. Named as a P1 backer
See something wrong? Request a correction — we publish our corrections log.
Loading comments…